New apartment construction continues around Spring

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July 22, 2014

Apartment hunters soon will have more options in the Spring area as several new residential housing communities are being developed, several of which will be completed this year.

The Belvedere at Springwoods Village, located at 2323 East Mossy Oaks Road, currently is leasing its units, although several of the apartments already are occupied, said Rebecca Luks of Martin Fein Interests, the site developer.

The development still is under construction, but the complex is expected to be completed by the end of the year, Luks said. She said tenants began moving into the four-story multi-family midrise in May.

The Belvedere has 342 units, which includes efficiencies, one, two, and three-bedroom apartments. The apartments, which average 948 square feet in size, have sunlit rooms, 10-foot or 16-foot ceilings, wood flooring and gourmet kitchens with stainless steel appliances, Luks said.

Unit amenities also include luxury bathrooms with deep-soaking tubs, large walk-in closets for extensive storage and full-size washers and dryers, Luks said. The apartments range in price from about $1,000 per month to $2,250 per month, she said.

The complex, located next to the ExxonMobil campus within Springwoods Village, also surrounds a multi-level concrete parking garage which gives residents convenient access to reserved parking and guest parking, Luks said. The complex amenities include a two-level clubhouse with fitness facilities, a university-style library, adjoining conference rooms and a large social lounge and game room with pool tables, a TV wall and coffee bar.

Another new complex is being built west of The Belvedere at Springwoods Village near the Spring Stuebner Road and Kuykendahl Road intersection. Premier at Spring Town Center, located at 6100 Spring Stuebner Road, is a new $46 million housing project currently under construction.

CNL Growth Properties and Mill Creek Residential Trust purchased 19.5 acres on the intersection of Spring Stuebner Road and Northcrest Drive for $5.1 million, or about $260,000 per acre, in December, according to CNL Growth Properties’ website.

The complex will consist of 21 three-story residential apartment buildings with a total of 232 one-bedroom, 142 two-bedroom, and 22 three-bedroom units, according to CNL Growth Properties’ website. The average size of an apartment is approximately 930 square feet.

Highpoint at Cypresswood, a new four-story luxury apartment complex near Cypresswood Drive, opened to residents earlier this month. San Antonio-based Embrey Partners and Stonelake Capital Partners opened the housing property targeting young professionals in northwest Houston, according to the Houston Chronicle’s Prime Property Blog.

The complex, located at 13920 Mandolin Drive just off Tomball Parkway, is an upscale apartment community with more than 330 apartments. The property offers one- and two-bedroom units ranging from 574 to 1,188 square feet with rents starting at $900 per month. Parking is on surface lots, according to the blog.

Highpoint is located in a growing employment area near the Vintage Park Shopping Village. The property is just south of the Chasewood Technology complex of buildings, Hewlett-Packard’s campus and the Centre at Cypress Creek office and industrial complex. The buildings each will have a variety of one-bedroom and two-bedroom flood plans. The floor plans vary in size from 574 square feet to 1,188 square feet. The 15-acre complex will include elevator access to each apartment, private garages, a poolside social lounge, state-of-the-art health club and a tech center, Sampson said.